Companies Are Being Forced Out of NYC… Why?

[@kennethng8346]

Louis Rossman has been documenting the problems of NYC for years. Everything from dealing with the broken breaucracy to people who lie about storefront sizes to stores that remain unrented for years, yet the prices refuse to come down.

[@ryanbarker5217]

he got tf out and NYC is *still* hassling him! his documentation of just how backwards, bloated, incompetent, and corrupt their system is serves as a masterclass of how to *not* run a government.

[@Trezker]

@@GH0STST4RSCR34M Yeah because vacant unmaintained storefronts just scream luxury.

[@BastiatC]

Luxury slum is a pretty apt description ​@@GH0STST4RSCR34M

[@joeblow5037]

....and THEN he moves to Austin -_- lol

[@Koushi82]

How do we short the comm real estate market anyway?

[@cwfan2]

I used to work for one of the big tech companies. They would lay off 50,000 workers and act like nothing unusual happened while yelling at those of us who were left to double the productivity. The managers' job was to go to meetings to learn how to yell at us to be more efficient. This video brought back some really bad memories. I'm glad I'm retired.

[@DiscoverHudsonValley]

This exactly what happened to me at MTV. I'm glad that covid happened and as a result don't work or live in the city anymore.

[@saggitarusspirit401]

You are blessed. All the same crap going on still

[@mistiinseattle]

Similar to my experience. Thankful I reached the age to retire and get away from it.

[@roundtwo3321]

A class-action, ageism lawsuit seems warranted here.

[@tag7592]

You're not alone. Me too.

[@Princess-Jellyfish]

Your channel has gone from cool apartments to investigative journalism we can't get on the news. Great stuff, keep it up

[@dmytro-skh]

but way too many negative facts now. Seems that the audience loves negative

[@McLovin-rp5od]

@@dmytro-skh Cant name to many positive things when it comes to NYC

[@jerzaw]

Nobody loves negativity. But the need to know supersedes it

[@FollowmedowntheNumberWhole]

The truth isn’t always pretty

[@solomonshv]

are you brain dead? he literally cites news sources throughout the ENTIRE video. every 20 seconds he shows his phone with his source for whatever his says. NYT, Washington post, NBC, etc

[@simsportif]

So.. Offices are empty, companies are even skipping town YET, apartment prices still increase year after year. This is madness..

[@kenfern2259]

the logic doesnt make sense at all

[@johnjones3813]

Everyone needs a place to live. Not everyone needs an office to go to.

[@johnjones3813]

​@@kenfern2259Yes it does. Everyone needs a home. Not everyone needs an office.

[@kenfern2259]

@@johnjones3813 agree since not every one works in the office and since there so much ppl that needs a home . Young ppl can't even afford to move out or even buy something affordable in NY other options to move upstate, or move to other state or different countries atp . It sucks .

[@edwardmiessner6502]

​@@kenfern2259 This country will become like Italy where the family house is handed down to the younger generation instead of being sold so the parents can retire to Florida. That's assume the healthcare industrial complex doesn't force the parents to liquidate the house to pay medical bills.

[@danliddiard]

As an outsider, It seems like New York can't do anything for itself. It's almost like it just sits there and waits for someone else to fix it.

[@deandee8082]

welp, lemme say this, I know a lot of you don't know trump, I do, he is one of the nicest, smartest, most flexible lets fix this guys you can ever meet.. he left NY so that says all you need to know . . a demonrat will call me a maroon say I am full of it, "he's a corrupt criminal, he made his fortune in politics stealing from the taxpayers" lofl.. yea they know fugg all! Don was busted bankrupt in the day by the corrupt criminals, yet he crawled out of the rubble to put it back together, look at him today, and he did it all 110% above board! nyc went after trump, he pulled out, now they're suffering? uh.. boohoo

[@Koushi82]

That's cause nyc wall street fuked everything up and also used com real estate as leverage so they cannot lower prices else they need to sell their fang stonks. That would spell lower stonk values and thus lead to even lower com real estate.

[@The_Chide]

That someone else is going to be a foreign country

[@NameIsDoc]

Socialist policy in a nut shell

[@robdickinson829]

😂

[@james5460]

The company I am at had office space across from Grand Central, $50k a month for the floor. Nice location - 50 years ago - get off the train from Westchester and walk across the street. They gave it up in mid-2022, went full work from home, and no signs they are ever going back. Yes, it's one of those "they can hire people anywhere in the world" deals you hear about with such horror, but folks, it's a reality and it's not going away.

[@desdicadoric]

Yeah I get that. My employer is in the middle of closing 9 out of 10 sites over the country. ( there are currently dozens) everyone in the HR, Training, management side is home based, I’m a manager so have been remote for years. I absolutely love it. You’d have to drag me back to commuting

[@pilotleader]

Once businesses leave, you are in trouble - direct and indirect jobs (coffee shops), tax revenue, community and infrastructure investment. A race to the bottom.

[@sweetla4750]

Well now who’s gonna pay for the illegalssss

[@snap8626]

NYC sales tax revenues down over 60%

[@vulpo]

NYC needs another Rudy Giuliani, but it's anathema to say it in New York.

[@russelljames5631]

@@vulpo both him and Bloomberg are part of the reason this problem exists.

[@thomasanderson3445]

@@russelljames5631based on what evidence or reasoning?

[@guttenaug947]

New York can’t even afford New York

[@edprestoza4099]

That's their but fucking fault.

[@RealSergiob466]

@@edprestoza4099 yup it’s the NYC government, gentrification, and the riches’ fault

[@seraph3761]

I visited New York City 6 months into Covid. The feeling I got was eerily similar to visiting a graveyard. I foresee New York becoming just that. Once a vibrant and charismatic city, now a morgue and church bells in the distance.

[@RKNYC]

Tbf they predicted that in the 70’s and 80’s. It was way worse at that point as well. I don’t think anyone knows what could happen to NY

[@dyllinroberts1442]

For not being in a recession, it feels an awful lot like we're in a recession...

[@manco828]

There's no recession....

[@tedoneilclark4710]

America has taken on the war's and they are taking all the wealth.

[@Andrew-3445]

Take GDP and minus inflation and the $2T government deficit and we're in a Recession.

[@secberhue4250]

It will be soon, the world will see

[@maju4714]

Soft landing 😂

[@MrMeenr]

I just can't imagine why any business or person would ever want to stay in NYC anymore. The Government hates you and they show it with their policies.

[@SSNESS]

I’ve been there for 200 years

[@frontiervirtcharter]

Farmers don't hate their cows and pigs, but they sure do milk and butcher them..

[@istvanpraha]

I am from NYC and 1/2 my coworkers left during covid, thinking they'd just move back. Who knew we'd have a ridiculous rental bubble despite shrinking population (in 2022). It was bizarre. Makes you realize how rents are based on "comps" and not supply/demand. My job can't afford the ridiculous salaries so they can pay the ridiculous rents. Also I hate going to the office, the subway is worse (not necessarily crime, but I am sick of "showtime" every single time I am on the train and listening to people watching tiktoks outloud), most lunch places closed or have limited options, coffee is now like $6 and they want a tip....it's like going to the office is for rich people only now.

[@TheGreatRepeller]

Never let a Socialist determine everyones rent. In fact never let a SOCIALIST BREATH...

[@gregorylyon1004]

I don't know how you people survive in New York???

[@benjaminshropshire2900]

My theory is that the people holding the loans on all that real estate are looking at the rent people are asking, not what they are collecting. Or at least the landlords think they are. "If I lower what I'm asking, the bank will say I'm under water and foreclose now. If I keep it higher than people are willing to pay, things might turn around before the bank catches on in a few months/years." It's an upside down tragedy of the commons.

[@DeplorablesGarbage]

Hmm 🤔 a cup of coffee is $6.87 in Minneapolis. I guess that is why the call it MinneApple.

[@JanetMurrayPickkle9]

no worries you have 175K migrants now :) they're just not on the grid yet :)

[@benjamins1808]

$19.43 for 30 mins of parking is insane

[@pr0xb0ct]

Plus 18.25% city tax

[@dsadik666]

How much for 2 hours or 24 hours?

[@cristiandiaz1832]

Dam that’s what I make an hour wtf 💀

[@njnikusha]

50$ for 3 hours in Chinatown 🤯

[@lkball00]

This is intentional! None of this is by accident! It’s about Power and money! These giants won’t be happy until they own all stuff including humans and control all the money! It’s foretold in the Bible! Go read it then trust in Jesus Christ for Salvation. (I promise, when this life is done, you will have a King that loves you and these giants will spend eternity in hell!

[@Tenetri]

I really like your style Cash Jordan! I'm from a big city in Canada, and its really interesting watching the parallels between our societies. Things like huge vacancies in offices that were packed 5 years ago. City funds being mismanaged, and seeming thrown away on projects that lead to nothing. The locals being the ones suffering the worst of the consequences... Great reporting, keep up your great work!

[@JaniceWithTheTarlovCysts]

Fellow 🇨🇦 and if you're talking about Toronto, I agree. I left in 1989 and some days still regret moving but I'm now a 45 minute drive away so I visit frequently, especially for the restaurants

[@teresabarnes-matych]

🇨🇦Poilievre for PM MCGA🇨🇦 🇺🇸TRUMP 2024 MAGA🇺🇸

[@kingofhearts3185]

I hear you, I'm a student living in the GTA and seeing Toronto go the same way. Used to want to live there, now glad to be in my area.

[@garygarside9782]

born and raised on vancouver island, and over the past ten years, prices and problems went sky high

[@nikitawashington9328]

It's almost like the filthy rich are destroying everything and causing chaos world wide for some secret reason.

[@TatyanaRr-wd7sx]

I love the how clear u talk, vocabulary on point! Thank u for waking up the masses!

[@brandongroth4569]

Offices actually can't lower their rent even if they wanted to. The owners usually have the building up as collateral against the loan and the property value is calculated based on how much space is leased at a fixed price(s) / sq ft. If the owner decides that the fixed price is no longer attractive to renters, they have to pay back the banks the difference to keep the loan in good standing, which is likely millions of dollars. Since no building owner has the ability to pay that immediate sum, they never lower rents. In fact, they often increase rent to other tenets to make back their money, which usually does the opposite... There is a system in which the owner can petition the loan backers to allow them to lower the price, but the system is designed to make sure this almost never happens. The entire commercial real estate market is just a massive Ponzi scheme.

[@nugnug393]

These laws and regulations saw the light of day thanks to lobbying billionaires.

[@seraph3761]

Wow

[@danielschrecker9996]

Sounds like usury to me. There's no way the banks ever expected to get paid back in full. They wanted to destabilize the market and have buildings sit in limbo, it's the only explanation. Short of devaluing the entire city to buy it up cheap, Robocop style, I don't see what's in it for them other than that they revel in being evil and ruining lives.

[@tokyojon4344]

@nugnug393 I doubt that banks ever lobbied the government for favorable "laws and regulations." Rather the banks themselves just put it in their own contract that borrower must follow specific rules mandating higher rents to secure the loan.

[@nugnug393]

@@tokyojon4344 brother how do you think they got away with doing that uh? Do we need to paint a drawing for you or is it still confusing? Your comment is so counterproductive. Please think brother.

[@Inigo_The_Son]

I was so grateful when my daughter graduated from NYU, because I will never need to visit that nasty hellhole again. My most prominent memory is the ginormous mounds of trash bags piled along every street, even in front of billion dollar high-rises. Somehow, all the movies and TV shows filmed in NYC manage to avoid showing this lovely aspect of the city.

[@ritatharp5238]

Why is that?

[@kw2519]

All good, stay away. We don’t want you.

[@Skywalker96214]

@@ritatharp5238can’t exactly let President Xi see our filthy streets when he watches American movies 🤣

[@eugeniovazquez1483]

You are so funny , yes some áreas are like that but where rich people live is not❤ like that❤❤

[@JoLibre-m5u]

Welcome criminal migrants!!! But not in my rich clean neighborhood here in New York.

[@WMusick]

Grateful to have stumbled across you. I loathe MSM. Find I am getting most all my NYC news from you. Great Job!!! Keep it up. I'm a 67 yr old disabled Army veteran. Thinking you may have very wide appeal.

[@desdicadoric]

Yup I hear that.

[@malik_alharb]

I left NYC in 2022 the place has terrible local government, was ruined by crazy pandemic policies, has high crime, and is overly expensive

[@louisgiannobile979]

Hope you didn’t vote democrat were you went

[@patriotprepper9175]

Agreed. It's the democrat party policies that have ruined new york.

[@malik_alharb]

​@@louisgiannobile979 I voted Republican, but I was woefully out numbered

[@kenosabi]

You should probably quit assuming anyone's vote means anything. If it changed a goddamn thing...we wouldn't be allowed to do it. Embrace rationality over tribalism.

[@coolkid006]

@@malik_alharb outnumbered by bots.

[@optimusprimegenerationone919]

I said this once,, and I'm saying it again. New York City is a sad shell of its former glory days.

[@cIoudbank]

it’s been going down hill since the 70s

[@alexppr]

Unfortunately, he is creating a manipulated vision of the city to you guys. But i hope yall search for the reality

[@manco828]

Autobots, transform and roll out!

[@lpaone01]

I haven't been back to my office to work since covid. But I did go back on weekends, and it was a shithole. Work from home is also changing the landscape. All the tools for business PCs are geared toward remote work.

[@kizashikaze9066]

NYC has been going downhill since it's beginnings.

[@idakate7]

You do a great job presenting the facts and you keep my attention well.

[@estebanmartinez667]

Cash, You are absolutely killing this series of videos of New York City. Your research and ability to back up your findings with the local news and interviews is outstanding in my opinion. Based on the views on these videos everybody is enjoying them. Thank you for your work. I look forward to these everyday

[@uwannadance1971]

Crazy how Cash Jordan went from apt videos to the best balanced reporting on NYC's current issues and concerns.

[@WalkWalkWalk-c2y]

“Balanced reporting” - he’s posting clickbait trash.

[@ammasophia4663]

@@WalkWalkWalk-c2y .... I agree, and its NOT balanced.

[@MrSam2497]

Anyone noticed how people who told coal miners "learn to code" are awfully quiet now?

[@BCDevv]

Majority of the layoffs from big tech were non-SWE roles like sales and recruitment for example.

[@NoNameToYou]

Those tech people are finding jobs very quickly after being laid off sooooo…still not a bad idea to get into tech.

[@NoNameToYou]

@@BCDevvthis

[@greglane3978]

Guess they will have to learn how to mine coal.

[@JRAnalyzes]

Dude...get your facts straight lol Clearly you don't know what the hell you're talking about and just want to talk biased nonsense...

[@TheGoodfellas.]

I work & live in Manhattan (20yrs). My firm has been on a three day in-office mandate. It’s been recently announced that it’ll continue going forward. Hudson Yards was a false promise. The tax breaks and future tax breaks will cost us tax payers. Nightlife isnt as in demand as it used to be. Its a shitty place to live, cant wait to leave.

[@istvanpraha]

I live in Queens and since covid, I love it and hate Manhattan. I feel bad for people paying so much to live there! During covid I had quiet and no protests and could walk around with no masks because foot traffic was much less but also people are less far-left even a few miles from Manhattan, so didn't wear them while alone in the park to make some political statement............now when I go to Manhattan, I feel like everything is half empty. Quick casual places are unaffordable. Everyone is blaring tiktoks on the subway. I got asked for money like 5X last time I was near Union Square. My favorite stores are closing. When I go out it's mostly old people, which is fine, but where are my peers???? I feel like alot of the "normal" people left and the people left are either from rich families or have a story of how they lucked out on their apartment. The proportion of narcissistic people is higher than it was, and it was high before covid. Also I feel like there is a general decline in fashion and beauty. Last time I went out in Manhattan, everyone looked like they just rolled out of bed......if I am going to look at that I might as well go to Walmart in Iowa!

[@peterviv7520]

Keep voting for Democrats like Cuomo and Hochul and ride NY into the toilet

[@SkbSzd]

where do you come from?

[@robertaccorsini4663]

The City is done. Taxpayers are leaving while tax consumers are staying and more are moving in.

[@kellylambert4934]

Yup

[@proofofexistence1580]

Bro is literally replacing MSM, love you cash, thank you for keeping me informed

[@SSNESS]

The world is too big and out of control

[@kyledw4381]

You are killing it cash. The future of local news.

[@SSNESS]

Too many people everywhere

[@StamperWendy]

It's so impressive how you know so much about every relevant topic! You're so smart, where did you go to college? You're very savvy for someone so young.

[@beth6085]

Reminds me of the movie, Escape from NY City with Kurt Russell. Looks like all the locals are leaving and it's being taken over by the criminals.

[@plynn136]

Don't believe the hype.

[@edwardmiessner6502]

You think that's bad!? I remember New York City in the 1970s, how awful and run down it was, and films portraying its bad parts like The Warriors.

[@doe729]

@@edwardmiessner6502 looks like the city wants a rerun

[@tonyhawk35]

the amount of good content on this page is crazy

[@timothyandrewnielsen]

ITS SO CRAZY BRO, WOW

[@Notme-tq4xs]

its first class

[@JohnSmith-cn4cw]

Ever notice how its always Police and Fire that face cuts, its never the Office of Diversity, Equity, and Inclusion, Office of Sustainability, or Office of Nightlife (yes that is a thing).

[@desdicadoric]

Yup exactly right

[@Mamabambina]

I absolutely LOVE this channel. The charisma you have oozing from your pores makes hearing updated events less morbid. 🎉

[@EmpathVibe]

And yet, these companies are reporting their highest earnings yet across all the biggest tech companies. It's all about enriching the top.

[@timothyandrewnielsen]

And around and around we go.

[@paxhumana2015]

@@timothyandrewnielsen , get rid of money, as well as all of its related ilk, not just in the USA, but also worldwide, and ban such things, as well as classes, castes, races, ethnicities, and start being HUMANS, and you will fix ALL of these problems. The Book of 2 Chronicles 7:14 is your ultimate goal for humankind.

[@homieinthesky8919]

Yeah. That tends to happen when you downsize after a rapid upsizing initiative in addition to more ppl using tech in a short period of time which is how tech companies make money.

[@istvanpraha]

Well, as someone who is obsessed with the stock market, this is a bit misleading (not that you're misleading, the media narrative is). Earnings are almost always "record" but at the same times, the earnings are not stellar. Just being higher than last year should not be seen as a sign of a booming economy . Also a solid half of stocks are ridiculously overpriced or at least moderately overpriced. For example, Microsoft. Yes it had record earnings, but it could also drop 30% "for no reason" at this point because the stocks is overpriced. So in that sense it does not feel like a bull market but a house of cards

[@kenyapressley6706]

they're making way for the chinese, who are the largest group of immigrants last year and this year. largest group = most benefits from our dollars, that no one talks about. guess who they'll vote for?

[@littlered4122]

As always, Great Video Cash. I made a couple of Great decisions in my 55 years on this earth. One was picking the perfect Spouse/Partner of 30 years. Number 2, was leaving New York. We left New York broke, struggling and hating life. We got out of there and raised our kids in a FREE Red State. Beautiful property/home, no crime and the tax savings over about 25 years has allowed us to build a multi-million dollar portfolio. As we approach our early retirement, (60 years old) we often wonder what our situation would be right now if we stayed in NY.

[@community1949]

I think what is happening to NYC is happening to all large cities in the United States - for instance I live in Indianapolis Indiana and of course it's a lot smaller than NYC but still the 10th largest city in this country!!!! We've got a huge uptick in crime, empty office buildings and all sorts of problems that didn't exist 30, 40 years ago. The department stores are gone so why go downtown if you don't have to? This stuff is happening all over the country.

[@IsraelMendez0]

Ofc they are hitting the places where our population alone could easily tip scales for government/power. SO they created a system where we are SUBPRESSED to overly paying taxes/fees/Housing costs/ Inflation. And using it all against us to keep us in check or keep us from saving money to do anything with.

[@stevenjohns1322]

Would that be democrat run cities you are referring to the same as NY socialism only works until you run out of other people’s money

[@ritatharp5238]

High crime direct correlation with defunding police and then police brutality cries & now they can't fill vacant cop jobs . YET people keep voting D. 🤷

[@SuperCosmicMutantSquid]

Hey, yo! Fellow Indy resident! 👋 And yeah, the vacancy is terrible but I noticed it got worse during the pandemic and a lot of store fronts still haven't been fully repaired since the protests that also happened during 2020. They're trying to revitalize areas around Mass Ave but it doesn't mean anything when the heart of downtown looks shabby. Circle Centre has been on a downward spiral since Simon cut ties and you can see the vast difference in quality in Simon owned malls like Castleton and Greenwood which are older (in terms of function vs location) but have much better upkeep and retail even if you have to commute to them. But hey, if these companies want cheaper space we have plenty here. 😏

[@kianna270]

Yes, 4 businesses on my road just went out of business. Not even new ones either. Long time businesses that were here for years are closing up bc the cost of rent is soaring. I live in Orlando, and I asked one place why they were closing. They said their rent went up to 12,500 for a tiny store next to a Walmart. I was shocked, it sounded like nyc prices. I’m starting to really get worried seeing all these places close up.

[@hostiliscivitas]

Commercial real estate is the canary in the coal mine. The next financial crisis is coming soon

[@ritatharp5238]

I believe you, especially when Biden FIRST day in office signed executive orders to stop the wall barrier. Then D's stopped the water barrier. Then D's went after the razor wire. 😮

[@01Lenda]

💯%

[@TheGreatRepeller]

In 2010 the bubble was allowed to be refilled even bigger. The people that caused the 2008 crash were able to project their lies like IMAX and were allowed to create an even bigger crash that is inbound now.

[@BobWing-x1m]

Basic greed!! 30 years ago I owned an 11 unit strip mall. There was a larger one across the road. The recession hit and I lowered the rental by 10% with the understanding it will go up when the economy improved. Across the road they jacked up the rent and had 60% occupancy. All my tenants stayed. I still had a good profit margin.

[@potrelviewer9536]

Pretty soon, no one who's not a billionaire will be able to live anywhere.

[@pvtglarson1]

lmao in a world without guns maybe

[@Andrew-3445]

Unless they're heavily subsidized by the rich in Section 8, welfare, food stamps, Medicaid.

[@Mom2my4blessings]

That’s the plan.

[@deandee8082]

only billionaires will be able to afford housing . . . wlcm

[@josephg24]

Neo-feudalism let's goooooo

[@Noelia-Nedds-You]

So google can house migrants then right

[@turtleanton6539]

Right. But they wont😊

[@sassypatty2666]

Exactly

[@6666Kit]

Wow I was thinking the same thing!!!!

[@greglane3978]

They are progressive, got Brandon elected and pushed for open borders so maybe Google should help pay for the illegals.

[@clownpocket]

If the migrants can work they can house themselves. What type of work will they do?

[@benjaminhaise7317]

Excellent work, as usual. Love the vids.

[@nicoletate6929]

I’ve been watching Cash for months, however now I start to look for his videos, sooo informative.

[@emna773]

Can I just say that I appreciate how fast and how many videos you're putting out as of late??? i'm a newer video so maybe this is a norm but the amount of high quality videos you've done in the span of a week is crazy to me!

[@theresehopkins1581]

I really enjoy your informative videos!!! Great reporting Sir!!! 👍😊❤

[@XShaneX19]

My countryside bumpkin mind can't comprehend how this city works. I mean how can a fast food employee, cashier or beat cop even afford the rent alone? No seriously I wanna know.

[@mercuryshadow09]

Most of those people commute from outside the city. It's another caveat of working in NYC.

[@jdoveyk9422]

They can’t unless they are on subsidized housing which is now being cut to fund illegals. America last policy.

[@TheAbxgirl]

They do not live in Manhattan unless they are NYCHA residents or commute. Cops and others reside in better suburban types of areas like Forest Hills or Riverdale

[@Save_the_Stick_Shifts]

Same up in the Alpine zones in the West.... how do regular folks work in the Aspens, Tellurides, Jackson Holes etc. of the world...

[@joylapine9004]

Fast food workers live in the slums and spend 20% of their income commuting by train.

[@zoexsovereign1011]

There’s too much happening in nyc at once. The crime rate is at a all time high right now and immigration has decreased the amount of resources for the citizens in many aspects. Everybody is leaving New York it seems…

[@user-ri4qk1xy3c]

Hopefully they come to Texas .

[@zoexsovereign1011]

@@user-ri4qk1xy3cI live in west palm beach Florida and boy lemme tell u about the mass of people moving in from nyc man it’s insane

[@daylate]

Not true... All the illegals are coming in. Lol

[@paulbrown4649]

The migrant bandits are staying, at least until they get enough cash to go FL to spend their ill gotten gains.

[@bigsteve1664]

​@zoexsovereign1011 I can safely guarantee you that your local and state governments are going to change dramatically if ex-NYC residents are moving near you. These people can't help themselves but vote for policies that destroy their communities. They don't vote with their heads, they vote based on what makes them feel better than everyone around them. So they'll vote Blue in your town/state and turn it into the shithole they just left. If I was DeSantis I'd make it policy that if you want to move to Florida from a Blue State then you're not allowed to vote for 4 years.

[@mom-ys9sb]

Thanks for another outstanding report on NYC and office space dilemma ...

[@12Mantis]

Between your videos and Luis Rossman's I can't help but wonder, if EVERYONE moved out of the city would those housing/office space prices go down.....or up? Cause whatever financial mechanisms lay behind this weirdness certainly appear to lie beyond the control of any people with even an ounce of common sense.

[@danielschrecker9996]

I start to wonder if they're lying about everything, even population. What if NYC only had 70% of the people actually living there as they reported? Faking the census numbers is good for political jerrymandering, keeping the state blue, inflating prices on all property due to artificial demand and scarcity, and dupes investors. There's no reason to not fudge the numbers. Is that what the immigration is about as well? Trying to bump up population before the fraud is discovered?

[@scottstaritzky7956]

New York Mayor can now use these empty offices for living space for the migrants.

[@evelyncoello1174]

Agreed!

[@SDouglas]

RIGHT GREAT POINT! THEN I SAY OPEN THE BOARDERS! COME ON IN! HELL LEAVE IT FOR THE XHINES TO COME IN AND TAKE OVER. THIS WILL BE OUR GIFT TO THEM FOR BUYING AMERICA UP!

[@thetapheonix]

You guys never thought that they shouldnt be here and probably should just be deported? Big brain NYC thinking from you two geniuses.

[@scottstaritzky7956]

@@thetapheonix New York isn't going to deport them? When those migrants beat up the cops. Everyone was saying they should be deported. They asked the New York Governor if they should deport the illegal migrants that beat up the police. She said, "That might be something to consider." The problem with New York is the citizens and soon the illegal migrants will vote for feminine leadership. New York is a big city and needs masculine leadership. I left New York in 1990. It is very sad what New York has become.

[@carlagellerman914]

Current regs and bldg codes dont allow most office space to be used for dwellings. Bureaucracy at its finest..

[@wcollins4191]

I closed four store front eliminated all jobs restructured & created a 100% online business using only two employees in my operation. No more theft that now helps with higher profit ROI, lower operating cost, lower inventory & sales to date are up 44% this year compared to last year sales. Changed with the times & being rewarded.

[@Rebeccaac]

I work in advertising which is still heavily in NYC and they’re starting to make people come back to the office even though there’s no point since clients decreasingly want any face time. My first office was great-we had a gym with river views, a cafe and cafeteria with river views, an exercise studio with classes led by “famous” instructors. I think they had done this because they were one of the first agencies to move downtown and there were less commercial amenities. Well, I lived in a gross Brooklyn apartment so going to work was like vacation. We had big cubicles too, not sharing space communally like became the norm. The offsite work parties were weird but they tried to be entertaining, and on premises happy hours were decent. And honestly I worked with so many characters and had crushes on some coworkers and made friends so going to work was amusing for sure, there was soap opera level drama. We worked late but got car services home and big delivery meals. By 2008 all these kind of perks started dwindling. And now if people can work long hours from home instead of at an office with no real perks good luck getting people back! Off topic but I’d love to see a video on the brokers price gouging the legit rent stabilized units going back in the market. If someone wants an apartment for under 1500 why would they have 4 or 5 figures for a broker fee???? It makes no sense.

[@hostiliscivitas]

Manhattan will become a ghost town. Congestion pricing will be the final nail in the coffin ⚰️

[@imrytebeehyneu]

Dude, move out!!!! Other new companies will be movin in to take your spot and can't wait for their door to hit cha while you leave...bye 👋

[@trevorj7323]

Manhattan will NEVER become a ghost town, Its been overcrowded for years. These policies may just make it "less" crowded

[@zfranke3dome]

Nope that will never happen. Why do you think Cash Jordan i still living there lol

[@mangodiet801]

Agreed 100%, shooting themselves in the foot by making things more expensive for citizens

[@OpalBeats8]

@@zfranke3dome that part!

[@wmrieker]

I can hear Louis Rossman laughing all the way from Texas!

[@LD-Orbs]

So can I!

[@andrewmunczenski3632]

I was laid off from Google as a TVC. I worked in the fiber transport group for almost 5 years doing work all over the US and never stopped during Covid. So much for that.

[@samvad6638]

Same bro. I worked for vodafone for 3 years and was just let go in Jan 😅

[@edprestoza4099]

​@@samvad6638THIS SUCKS LIKE SHIT !!!!!!!!!!

[@andrewmunczenski3632]

@@samvad6638 sorry to hear that

[@kenyapressley6706]

they're making way for the chinese, who are the largest group of immigrants last year and this year. largest group = most benefits from our dollars, that no one talks about. guess who they'll vote for?

[@TheGreatRepeller]

And all of that warned what a corrupt company Google is were pooh-pooed and then silenced by Google. Google is the most anti American Company that has ever existed inside American shores.

[@jbilotta]

I love watching how you cover the pulse of the city in its current circumstances. I lived in Manhattan for 3 years. It's tough!

[@Serquss]

The congestion pricing is preemptively working better than expected.

[@greglane3978]

Making people move away ?

[@edwardmiessner6502]

Before it's even come into effect!

[@bills6093]

@@edwardmiessner6502 That's when smart people make their moves. Before the city can get any more taxes out of them.

[@bills6093]

@@greglane3978 By making it untenable to work in the city.

[@Sense_IsCommon]

Meta’s address is “1 hacker way”. Hilarious

[@PaulMurrayCanberra]

Among people who actually code for a living, "hacker" is pejorative.

[@stgravatt]

​@@PaulMurrayCanberrawah

[@solitivity]

As a computer engineer, no it's not. You take it as belittling by the mouths of people who don't know how a computer works past a primitive level and that, to me, is ridiculous. Laugh at them for not knowing what they're talking about and move on. 😂

[@damnedbelowjudas_]

@@PaulMurrayCanberraboohoo

[@butterbelieveit3520]

@@PaulMurrayCanberra Wait, what do you mean?

[@DJRenee]

Jordan be on their NECKS every other day. Thanks for the accurate and CONSISTENT UPDATES.

[@kianna270]

My sister has worked in tech in NYC since like 2005. Her company got acquired by Microsoft a few years ago, and now her office building is no more and she’s fully remote. Now she’s wondering when the chopping block is coming, but so far she’s been safe lol. But even with her long time in the field, she’s nervous abt losing her job.

[@compugasm]

She should be. Because if it doesn't matter where you live, then that person could live in India, or China, and there goes your job.

[@edprestoza4099]

​@@compugasmHaven't you heard that COMMUNIST china closed a lot of their factories and layed off millions, perhaps, of it's workers. I believe it's the taste of their own medicine.

[@kianna270]

@@compugasm yeah she was worried for awhile but she just got a promotion and knows stuff her coworkers don’t, so that’s the only thing protecting her majorly right now. She’s watched a lot of coworkers leave tho.

[@kenyapressley6706]

they're making way for the chinese, who are the largest group of immigrants last year and this year. largest group = most benefits from our dollars, that no one talks about. guess who they'll vote for?

[@pyromaniac354]

If your job can be done remotely then your job can be outsourced from another country

[@SH-ly1uy]

They once explained why rents don’t go down: if they do, they have to reassess the buildings market value and if it drops they don’t comply with their mortgage agreements and have to pay down a part of the loan. As they can’t do that they prefer vacant with non payment agreements to lowering prices. The banking system is broke (thanks fed)

[@edprestoza4099]

Maybe it's time that thousands upon thousands of New York city residents and all the companies leave New York city forever or for good. Maybe it will probably look like Detroit, Michigan, St. Louis, Michigan, I guess Memphis, Tennessee and Michael Jackson, Mississippi.

[@WKOPjustin]

Found your channel! Like what I’ve seen so far. I’m guy from Wall Street on Thursday.

[@CapeSIX]

NYC: you can’t live in business space it’s unsafe Also NYC: come sleep on our cots inside a tent with 1000 other immigrants in a flood zone.

[@DiscoverHudsonValley]

Sad but true!

[@colinhamilton6493]

Another absolutely fabulous, honest, real facts commentary. Great job, Cash!

[@pinkeye00]

Loius Rossman ... talked about this .. before leaving, NYC. :) for like 10 years ago.

[@marcstriano3522]

I left New York in 1991 before anyone knew the shit was going to hit the fan...

[@yvonneconte3040]

Ditto

[@cubone44]

Holy, you left when property in NY was relatively affordable. Hope you kept your property to rent out to some idiot for 6k a month!

[@RogueA.I.]

Same

[@nunyabidness3075]

Government and large financial institutions have messed up commercial mortgage contracts to make things easy on themselves. They messed up the incentives. The only way for it to get fixed will be a massive failure of the market. I wouldn’t buy right now, but I would tell your Congressmen and legislators they should be addressing the issue RIGHT NOW. They need to be readying to be able to let the owners fail without bailouts.

[@utsuhoreiuji6155]

and for worse, a massive failure only brings potential to fix the market; not a complete guarantee.

[@nunyabidness3075]

@@utsuhoreiuji6155 Yeah, if they proceed without changing the game, it will become a boom bust cycle.

[@secberhue4250]

Too bad their greed will get in the way

[@nunyabidness3075]

@@secberhue4250 “their”?

[@edwardmiessner6502]

In other words you're calling for the failure of capitalism. Communism has already shown it doesn't work so what's the alternative?

[@DawnMK2023]

I'm so tired of the powderpuff terms like "let them go" or "parted ways with the company ". Ya fired them. Period.

[@DogSpeak]

So google can house migrants then right?

[@imrytebeehyneu]

Right. So much space....

[@dmv_larry_b]

Amazon too

[@pokefam5336]

No one should be housing criminals looking for a free hand out.

[@xploration1437]

They’re illegal aliens.

[@benallmark9671]

Lol

[@moblades1]

Just wanted to say I enjoy your videos. They are very insightful, informative and explained well for easy consumption. Keep up the great work.

[@SuzetteKath]

My man lost his job due to the ruling that the companies over a certain size in nyc had to be unionized. He worked security at a diy store. As in contracted work. . Due to what happened. even the ones employed in different states, even though the headquarters have to pay union dues. And my man's company REFUSED to argue for a pay raise for the workers. They were to stay at the same rate, but having to pay a huge chunk of their paychecks to the union. NYC's ruling is affecting all 50 states. And not in a good way.

[@jandoerlidoe3412]

Like most big cities - world wide - New York is a dystopian place, dying from its own dysfunctionality...Who in his right mind an to live in such an environment ?

[@ritatharp5238]

To answer your question the Democrats. Have you ever noticed that all major cities in the country vote blue? They voted & wanted this is all I can see. 🤷

[@albertorosado8756]

A lot of people it seems .

[@Janeair41....]

Disgraceful, disregarding, and despicable to the neighborhoods that have been torn asunder due to the new high-tech buildings, and high-rental neighborhoods. Now all in the name of the future these techies have put themselves out of business.

[@sidd_not_vicious2609]

I lived in NY in 90/92 and it was a place only fit for the very rich or the very poor and it looks like nothing has changed.

[@dexterspeights3484]

High taxation on landlords by NYS is the main reason why they cannot lower the rent on office space.

[@sneckotheveggieavenger9380]

They could less their estate lmao

[@istvanpraha]

And income tax here is insane. I can't afford a studio apartment in Manhattan but I get taxed like I am rich. Most people assume I make 1K more per month takehome because they don't realize how bad NY and NYC taxes are.

[@edprestoza4099]

​@@istvanprahaIt's more like both horrible or terrible in New York and New York city.

[@TheGreatRepeller]

You elected Communists and now you whine?

[@Thisishard2333]

I live in North Carolina. We have these great little oceanfront towns that don’t charge for parking. They want your business they want you to spend your money in their town. Not like New York. It’s all the money grab

[@Jdbob972003]

Cash, always look forward to your vids! Never know what area of your vids you'll cover! Thanks, and please be careful!

[@theloniousMac]

As the saying goes New York, sooner or later you run out of other people’s money.

[@veronicalee5937]

Margaret Thatcher's response to SOCIALISM/COMMUNISM. The Iron Lady was one smart woman! Too bad a lot of politicians didn't listen to her.

[@JJRR50]

The two biggest downfalls in NYC were DeBlasio and Adams - TWO OF THE WORST MAYORS OF ANY CITY!!!

[@matthewjbauer1990]

The biggest problem in America is Democrats.

[@sadeekbeen3055]

Albany was the same way. Empty buildings all on the Main St. New York is declining financially. You wonder why Florida and Texas are tax havens. Because they are attracting these businesses to move there.

[@TheNerdsFromHell]

I think blaming it on AI has just become a cop out for wanting to lay off people. Generative AI can do some amazing things but the time and money it takes to train a model and for that model not to be stupid is more than most people would think. Plus it doesn't react well to new information

[@SPARTAN-KD21]

It really is. "AI" is nothing more than a glorified chatbot in its current form at least. It's not capable of unique or independent thought especially without prompting. A blog I follow performed a test recently to see if it could pass a coding interview with three different controls; your bog-standard leetcode question, a leetcode question with some modifications, and a completely unique problem that resembled a real-world problem a dev would see in their day-to-day. The "AI" excelled on the standard leetcode question obviously, but the other two controls it did consecutively worse at, with the unique question being the one it spectacularly bombed.

[@istvanpraha]

I feel like I have gone crazy because so much automation ALREADY HAS HAPPENED and it's not AI, it's "only" python, SQL, and every company's own software. So many office jobs went away. The positive is that a huge portion of white collar jobs are now making complicated decisions and doing things that are too hard to automate.

[@irenemierzwa3790]

I enjoy your commentaries Cash. Keep it up.

[@ivoted-5489]

This is all over TX, too. Austin, TX is at about 22% vacancy. It’s not just empty offices, it’s empty retail and restaurant buildings. I’d love to open a business, but the insane cost of rent is too much to stomach. People have gotten creative with food trucks and pop up shops, but I’ve only seen a couple of restaurants become a success from that meager beginning - everyone else is just getting by.

[@thetapheonix]

Austin is not TX. Austin is full of Californians and isnt really indicative of the rest if the state.

[@Inkling777]

A lot of Texans would say that Austin isn't Texas. On governor referred to it as "the blueberry in the tomato soup" of his state.

[@ivoted-5489]

@@Inkling777 A lot of people are not too bright.

[@AllBreaksLoose]

Well with all these office buildings turning empty they can make em into apartments. Housing situation you pointed out in a previous video is now solved!

[@sandraalegria3439]

Malls are being torn down and they will build luxary apartments . Here in South Fl. NEW YORKERS are rushing here.

[@seanmccue1983]

The only way sadly for New York City to get better is to first let it get worse!!

[@oscarmadison8530]

As long as the city is one giant crime wave, companies and people will continue to flee. Remember this in November.

[@jrkarmagetubih]

This Country was built on corruption. 😅

[@mcearlgrey]

Crime in the city is down below pre-pandemic levels but don't let the facts get in the way of your narrative

[@bkf778]

Nobody is going to vote republican in nyc. We are too educated and ethical.

[@bkf778]

Nobody is going to vote republican in nyc. We are too educated and ethical.

[@generalactivity5556]

But your voting habits have destroyed this place and your leaders are complete idiots

[@estebanmartinez667]

Cash, You are absolutely killing it with this series of videos of New York City. Your research and ability to back up your findings with the local news and interviews is outstanding in my opinion. Based on the views on these videos everybody is enjoying them. Thank you for your work. I look forward to these everyday

[@B3Band]

These posts are really suspicious. Why do you have so many simps bro?

[@dog3y3]

That Amazon building might be paid for, but they still pay real estate taxes each year. Probably a few million a year.

[@Oliver]

Top video, greating from Germany :)

[@shax3364]

Definitely wouldn't want a holiday in NY, even all paid expenses wouldn't cut it ! No thanks NY !

[@whaleshrimp111]

Cash, You really do a good job! The future is bright for those dealing with reality instead of political narratives.

[@aol6983]

NYC hasn't been as bad since the 70's . . The very visible problems like Illegal Immigrants/Unsafe Streets + Subways/Ludicrous Hotel prices + additional resort fees/Tipping is outrageous . . . This is going to drive out Tourists who contribute $Billions a year then NYC will be even worse! Great daily NYC update Cash.

[@brushylake4606]

I've been to NYC several times over the years. I'd love to bring my boys to see the city...but not right now, if ever.

[@veronicalee5937]

I was born and raised there, finally got out in the early 2000's and you couldn't pay me enough to even visit now.

[@nesq4104]

They glaring problem was the massive influx of Caucasians from the Midwest and other states plus gews from Palestine. The. NYC went to hell. That's the real problem

[@NOLA-vv3sz]

Living/Working in NYC makes ZERO sense any longer. I honestly love the city. At least, I love the idea of the city. The place is incredible. But, it is also a shithole of overdevelopment in spots, gross underdevelopment in spots, crappy regulations, high taxes, very little support from those taxes, lack of functioning government, etc. Take your pick.

[@billybob8461]

thank you cash jordan for hitting the streets

[@IsraelMendez0]

Not to mention i filed for my taxes this year and they are only offering me 650$!!!! From Federal and STATE! I've made over 44K, 15K WENT TO TAXES and how am i only getting back 650$?????????? Fr im overly fed up with the abuse we THE PEOPLE are taking.

[@Banillashake]

Thaank you! That's what I'm saying! The governemnt stealing all my money, and all for what?? Their own pockets! Screw em!

[@danielschear556]

Reminds me of the way the newsroom looked when I worked at WABC-TV New York in 1981, LOL!

[@rother011]

It blows my mind that these empty space can’t be turned into apartments

[@Roggor]

As is so often the case, it's the government regulations. The amount it'd cost to retrofit the average office to code is often more than demolishing it and building a brand new apartment complex.

[@Inkling777]

Plumbing for bathrooms and kitchens for apartments is a major issue. To replumb a building, you have to rip out much of the interior. That can get expensive.

[@adeina777]

Cousin Cash, just be safe and know when to get low. Never overstay your welcome. You have been my morning coffee here lately and my family appreciates the updates. You're amazing be careful because this won't get fixed, it'll get worse.

[@emzywillrich7243]

Why don't they use all those empty offices to house the immigrants coming to the city? 😁

[@grumpylimey4539]

Commercial real estate is valuated by potential rent. Reducing rent reduces the value of the asset. Commercial real estate mortgages would end up underwater which would push the risk to the debt holder, so they protect themselves by adding pemalties pro-rating the loss in value for a reduction in rent from the remaining princpal on the debt. Property owners can go bankrupt slowly with empty buildings, or immediately by lowering the rent. Or they can try to negotiate with the debt holders to share the loss. Its a ticking time bomb.

[@eastbaykidd8574]

Let it collapse. I learned a long time ago when when trying to sell machine tools that what something cost to make, or what it was valued on paper under some specific set of circumstances, really didn't determine what something was really worth. The only valuation that really mattered at the end of the day was what somebody was willing AND able to pay for it.😐

[@madmerlot841]

At least until NYC finds a way to punish gig economy workers like Seattle did.

[@matthewjbauer1990]

When Uber and Lyft wanted to enter NYC, the NYC Yellow Cab union tried to get it not allowed. Obviously that didn't happen

[@drillingig2368]

It’s not a charity, sir.